Nov 30 (Reuters) - Valeo SA :
* Valeo announces its withdrawal from Phase 1 in order to better address concerns from the European Commission in the framework of its antitrust review
* After discussion with the European Commission, in agreement with Bain Capital, has decided to withdraw its merger notification to address the European Commission's concerns
* Intends to renotify the acquisition as soon as possible, in view of getting clearance of the acquisition of FTE and closing the transaction during the course of 2017 Source text: http://bit.ly/2gJa7aF Further company coverage: (Gdynia Newsroom)